Monthly Archives: <span>June 2007</span>

Wash. Workers’ Comp Benefits to Increase 5.4%

Workers currently receiving Washington workers’ compensation wage-replacement or pension benefits will receive a 5.445 percent cost-of-living increase that went into effect July 1. State law requires that benefits be recalculated each year to reflect the change in the state’s average …

Texas Hill Country Hardest Hit by Torrential Rains, Flooding

Lisa Schlueter was sleeping soundly Wednesday morning when she was roused by Toots, her rat terrier, barking in the living room. When she flipped on a light, she quickly saw what had gotten Toots so agitated: Flood water had washed …

Report: Calif., Minn., N.J., N.C. Have Worst Traffic; N.D., S.C. Have Best Roads

Nearly 52 percent of U.S. urban Interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual highway performance report. “Gridlock isn’t going away,” said David …

Texas Attorney General: Beware of Scams in Flooding Aftermath

Texas Attorney General Greg Abbott warned North Texas residents to be wary of price gouging and fraudulent attempts to bilk homeowners and other consumers in the aftermath of recent storms. Gov. Rick Perry issued a disaster declaration for seven north …

Calif. Agent Charged in Auto Fraud Scam

California Insurance Commissioner Steve Poizner announced that a California Department of Insurance (CDI) investigation has exposed the fraudulent activity of Newport Beach, Calif., resident and former insurance broker, Thomas Joseph Doino. Doino allegedly kept over $7,000 in auto insurance premiums …

Colemont Creates Workers’ Comp, Division, Hires Specialty Broker

Colemont Insurance Brokers-Southern California has added Blake Baker to its Woodland Hills, Calif., office. Baker is a workers’ compensation specialty broker with more than 20 years of experience in the workers’ compensation industry. He will be heading Colemont-Woodland Hills’ new …

Ratings Roundup: Ocaso

A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros with a stable outlook. “The ratings reflect the company’s superior risk-based capitalization, excellent operating …

Best Downgrades Teachers Auto; Affirms High Point Group Ratings

A.M. Best Co. has downgraded the financial strength rating (FSR) to “B++” (Good) from “A-” (Excellent) and assigned an issuer credit rating of “bbb” to Teachers Auto Insurance Company of New Jersey, formerly known as Lancer Casualty Company, headquartered in …

Mich. House Passes Bill to Increase Use of Child Safety Seats

More Michigan children would be required to travel in safety car seats under legislation passed this week by the state House. Current Michigan law generally requires children under 4 to ride in a child restraint system, rather than just seat …

Survey: N.D. Workers’ Comp Staff Distrust Top Managers; Like Their Jobs

Most employees at North Dakota’s workers’ compensation agency distrust senior managers and believe department policies often are applied unfairly, a new survey says. However, most workers said they enjoyed their job, and thought they were treated well by their front-line …